INSUBCONTINENT EXCLUSIVE:
year-on-year to Rs 211 crore for the quarter ended December 31.
The scrip traded 4.28 per cent down at Rs 260.30 at around 10 am, while the
results, driven by the correction in steel prices in October, partially offset by the rally in prices in November/December and domestic
on the stock.
The company recorded a total income of Rs 18,182 crore during the period under review, lower by 10.67 per cent from Rs 20,355
crore earned during the corresponding quarter of the last financial year.
In a regulatory filing, the company said that its crude steel
production during the October-December quarter stood at 40.2 lakh tonne, 5 per cent higher on a quarter-on-quarter basis
However, on a year-on-year basis, the production was lower by 5 per cent, due to extended monsoon which impacted operations at Dolvi and
times at the end of September quarter
Net debt to EBITDA stood at 3.71 times as against 3.23 times at the end of Q2FY20.